Note: For additional details on any of the below, please refer to the SPK Network Light Paper.
Note: The SPK Network is completely open-source, and no tokens will be given to the team working on it. All SPK token distribution will be done by the SPK Network protocol, which rewards peers in the Network for providing social media content infrastructure services, and via LARYNX miner token delegations.
What the System Aims to Achieve for DPoS Graphene Technology:
SONs wrapping technology helps to make DPoS the natural go-to side chain for high-fee protocols such as ETH and BTC.
BTC, ETH, Hive, PPY, SPK, BROCA, LARYNX, DLUX, and tips are all from the same blockchain account (more chains will be added as time goes on).
Off-chain storage for reducing content/info storage bloat from Hive layer I.
Censorship-resistant data with the ability to delete your own off-chain content.
Incentivised Peer to Peer content infrastructure provision system including Content Delivery, Encoding, and Storage.
Distributed, on-chain NFT (attached image) & normal image storage on IPFS
User self-hosting of NFTs & other social media content.
Own your NFT'ss outright
Open-source community content governance System, using community-driven content policies and Content Portals. Each community regulates its own content.
Compatible foundation for Layer II Honeycomb social media tokens, paving the way for smart contract and decentralised community tokens on Hive
Permanent Service Infrastructure DeFi Pools (SIPs) which back communities with fees generated from their own DeFi pools and grow forever.
Payments for digital services and products into an autonomous DeFi pool protocol.
Major sink for Hive & HBD with payments for LARYNX Miner Tokens and ad rights being locked into the SIP DeFi pool permanently
Ability for DPos Chains to cap their governance tokens and sustain from SIP DeFi Fees instead of inflation.
Liquid off-chain gas / bandwidth token (BROCA), which gives the option for an alternative to the Hive Resource Credits system if required.
BROCA Gas token incentivises peers to provide improved content infrastructure services such as CDN, Encoding, and long-term storage
Highly deflationary, SPK Governance token with long-term, diminishing inflation until supply cap is reached.
SPK token Bond system where long-term power-ups are rewarded with additional inflation, rewards, and additional governance rights.
SPK decentralised proposal fund with stake weighted voting and competitive price bidding for proposals.
Meme-backed NFT Mining of rare, collectible content creator-issued NFTs.
Perma web - content that the community/creator deems as sufficiently important will be funded such that it can be stored permanently on the SPK Network IPFS system.
Open-source ceramic off-chain accounts will allow for the following account features:
Uploading off-chain,
Commenting off-chain
Adjusting account settings / Syncing account data across multiple devices and frontends
Attaching multiple blockchain accounts to the main account
General content Advertisement System.
Communities Advertisement System.
3Speak Team Involvement
The 3Speak team has developed the following applications which will run on top of Hive and the SPK Network:
First time Hive has the ability to self host content and guarantees upload of and ability to watch a video on Hive / IPFS ecosystem even if 3Speak web application is not available.
Working with Peerplays
Peerplays Blockchain team has offered to provide their resources to help build the cross chain swaps system for SPK Network using an adaptation of their SONs technology.
Working with DLuX
The Team behind DLUX has been working layer 2 as long as anybody on Hive. They are the first team dedicated to open source, decentralized solutions for token architectures; Pioneering autonomous multi-authority control of HIVE funds to eliminate central control and single point failures. Their goals of application distribution align very nicely with our goals of video distribution creating a synergy that money alone can't buy. The level of industry knowledge and strategic input is first rate. We look forward to continuing to have our expectations met or exceeded.
Default Gateway selection. Ability to change your primary IPFS gateway.
Running IPFS as a service/background in the app. Give users the option to disable or enable the background.
Automatically download videos from content creators you follow.
Video Uploading
FFmpeg local encoding, Note this is done at present as an MVP but requires more extension/maturity.
Video timestamps. Similar to YouTube, creators can label certain sections of their video, effectively creating chapters.
Debug Menu - continue development.
DLux
Honeycomb Social community Token System + SPK Network Tokenomics
Larynx miner purchase mechanism.
Broca incentive token release.
Develop Broca functionality (paying for storage, CDN, encoding, and other infrastructure)
Stake weighted voting system for setting Network variables.
SPK DAO.
Mining Rewards distribution system.
Break away community honeycomb separate node spin-up system (to create separate, stand-alone node networks from SPK Network node operators & cut community token inflation to these node operators).
Integrate Token system into Desktop App.
SPK Network Bond System.
The longer and more you Power Up, the higher your interest rate is. Additionally, the longer the Power-up is locked in, the more influential the governance vote becomes, rewarding long-term holders with proportionally more influence the longer they Power Up.
Content creators / communities can create their own tokens, including token Staking.
Voting system where voter can see what infrastructure each node operator is running and vote them into validator node top concenus psotion with SPK tokens.
Mining Mechanisms
Interfacing / integrating Honeycomb with SPK Network mining mechanisms.
Storage (Proof of Access) Mining system.
CDN rewarding.
Encoder Node rewarding.
Service Node rewarding.
NFTs
NFT Market place and bidding platform.
NFT Storage on IPFS.
NFT mining by Staking Creator Tokens.
NFT Memes System.
Service Infrastructure Pool (SIP)
DeFi Mechanisms0.
Payments into SIP.
Payments out to Project Funding Pool.
Payments out to Support Infrastructure in times of low payouts.
Sidechain Operating Nodes (SONs): a trustless, decentralized PoS cross-chain mechanism for running cross-chain swap mechanisms.
SPK SONs.
Hive SONs.
Build Interface / desktop plug-in to Swap tokens from / to SPK to BTC / Solidity Chains (ETH, POLY, BSC) without user needing to login to peer plays.
Use SONs tech to Wrap Solidity tokens (ETH, POLY, BSC), SPK Network tokens, and BTC to and from SPK Chain without user needing to login to peer plays.
API System
To include video uploading and delivery initially but ultimately to allow any platform to easily integrate any web3 tool that is available on the SPK Network. (See technical overview for further details).
Cost of Servers/experimental infrastructure. Funding will be used accordingly to operate development and testnet infrastructure.
Budget
390.09 USD per day for 365 days = 142,382.85 USD.
Insurance Guarantee of Funds
The funds will be sent to the account @spkproposal and distributed to cover the costs for execution of the above scope from there. The SPK Network Proposal will have two trusted Hive Community members as the trustees to the funds received by the proposal. @starkerz & @theycallmedan both will take on responsibility for these funds and will ensure they are distributed to the SPK network developers, and will provide their guarantee that they will reimburse this proposal in the event of any funds lost.
Final notes:
If you have any comments, concerns, confusion, or parts of this proposal or attached documents, feel free to reach out to us. We will be happy to answer.
About the SPK Network:
SPK Network, a decentralised, censorship-resistant social media protocol and incentivization layer for web3. The SPK Network provides the ability for video platforms and content creators to interact with the decentralized social graph, while rewarding infrastructure providers with SPK governance and BROCA gas tokens.
